Kathmandu. The initial public offering (IPO) of Ridge Line Energy Company (JJCL) will be issued today.

According to Prabhu Capital, the issue manager of the company, the IPO will be issued at 9 am today.

The company had issued its shares from February 19 to February 17. A total of 1,18,026 investors will be allotted 10 units of shares each.

The company has invited applications for 11,80,260 units of shares worth Rs 11,80,26,000.

The company was allowed to issue 26,07,000 units of shares worth Rs 26.07 crore, which is 22% of the issued capital of Rs 1.18 billion. Out of the total offered shares, 11,85,000 units have been set aside for the locals of the project affected areas and 1,42,200 units for the employees of the Nepalese working abroad.